Recharge accelerates M&A strategy with €45m ABN AMRO facility

January 16, 2025

Recharge, a European leader in online prepaid payments, has secured a €45m facility with ABN AMRO.

The funding aims to bolster its mergers and acquisitions (M&A) strategy, positioning the company to drive consolidation within the rapidly evolving prepaid payments industry.

The €45m funding, combined with Recharge’s existing cash reserves, creates a substantial financial foundation for strategic acquisitions. The company plans to complete two to three M&A deals in 2025 as part of its growth strategy.

ABN AMRO emerged as the preferred financial partner after a competitive tender process, which saw multiple institutions vying to collaborate with Recharge.

Recharge’s unified digital solutions cater to the growing shift from offline to online payments, with innovative use cases redefining the prepaid payments market. The company’s services have seen impressive traction, achieving 30% year-on-year revenue growth in 2024. With growing demand for its digital prepaid solutions, Recharge is targeting €1bn in sales by 2025.

The company intends to leverage the new facility to expand its market presence, open new segments, and strengthen its position as a leader in the prepaid payments sector. This funding is a critical step in Recharge’s journey to reshape the industry through strategic acquisitions.

Günther Vogelpoel, CEO of Recharge, expressed enthusiasm for the partnership, stating: “This new facility comes at a pivotal time for Recharge as we embark on the next phase of our journey. I am excited to partner with ABN AMRO, whose support enables us to accelerate our growth strategy and reshape the prepaid payments landscape on our terms.”

ABN AMRO senior banker for digital and consumer clients, Bas Janssen, said: “ABN AMRO is proud to support Recharge as they continue to scale and innovate in the prepaid payments sector. ABN AMRO is on a trajectory to become the preferred tech bank in the Netherlands and North West Europe. This collaboration reflects our appetite to support digital transformation —one of our three strategic pillars. We see great promise in Recharge’s growth trajectory as they broaden their reach within the global prepaid payments space.”